Some individuals in Colorado may think of estate planning as something that is only for older people, and this may be particularly true when they consider end-of-life care. However, a catastrophic accident or illness can strike anyone at any time, and a living will is one way to ensure that one's wishes are carried out even when one is too incapacitated to express those wishes.
An often overlooked but vital part of estate planning concerns making decisions about end-of-life matters. Facing one's own mortality makes many Colorado residents and others uncomfortable.
Colorado residents should all have four basic documents in place in case of serious injury, sickness or death.
According to several recent surverys, only about 33 percent of people in the U.S. have a living will or medical power of attorney. These estate planning documents detail what medical care you want to receive in cases of serious or terminal illness or catastrophic injury.
As the end of the year approaches, Colorado families will be starting to plan family get-togethers to celebrate the holidays. While certain conversation topics may be off-limits during these types of gatherings, family celebrations may actually be one of the best times to have a discussion that's likely uncomfortable but absolutely necessary - planning for when a sick or aging loved one can no longer make decisions for themselves. It's crucial to have this discussion before a crisis arises in order to prevent unnecessary pain and confusion.